Rick Andrews' Market Report
Warne, NC 28909
Single-Family Homes
Your Mountain Realtor | 828-557-9139 | rick@callrickandrews.com
Warne, NC 28909
Sat Jul 27 2024
This week the median list price for Warne, NC 28909 is $524,950 with the market action index hovering around 29. This is an increase over last month's market action index of 25. Inventory has decreased to 8.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Home sales have begun exceeding new inventory. While still a Buyer’s market, prices seem to have already started to respond. If the trend continues, expect prices to keep marching upward.
Real-Time Market Profile
| Median List Price | $524,950 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $236 | |
| Average Days on Market | 35 | |
| Median Days on Market | 35 | |
| Price Decreased | 63% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 8 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
While this week the median price in this zip code didn’t fluctuate much, we continue to sit at all time high prices. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $642,450 | 0 | 1 - 2.5 acres | 3 | 2.8 | 17 | 0 | 0 | 35 |
| $549,900 | 0 | 1 - 2.5 acres | 3 | 3 | 0 | 0 | 0 | 35 |
| $480,500 | 0 | 5 - 10 acres | 3 | 2 | 29 | 0 | 0 | 35 |
| $319,700 | 1,437 | 1 - 2.5 acres | 2 | 1.8 | 15 | 0 | 0 | 35 |